Will the tax deal result in Keynes-style stimulus? Washington Editor Christopher Hayes and Tyler Cowen, an economics professor at George Mason University, break down Keynesianism and what it says about Obama's tax cuts deal.

Everyone knows that Obama wants to whack Social Security benefits to lure Republicans into a deal on raising taxes. In that case, keep Alan Simpson on the commission on reducing the federal deficit—his tasteless zingers are doing more harm than good.

Currently, 39 states and Puerto Rico subsidize the entertainment business to the tune of about $1.5 billion. Yet many of these agreements lack concrete mandates to direct how companies use taxpayer money in the local economy